The Worldwide 3D Reconstruction Market, Forecast to 2024 – CAGR is Projected to Rise at 14% During 2019-2024
DUBLIN, July 11, 2019 /PRNewswire/ — The “3D Reconstruction Market – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.
The 3D reconstruction market is expected to register a CAGR of 14% during the forecast period (2019-2024). 3D reconstruction henceforth is a revolutionary technology that marks a paradigm shift in the reconstruction market.
- The increased adoption of 3D technology in the fields of movies and games, healthcare, creation of drones, maintenance of industrial machinery are some of the factors that would drive the market for the forecast period.
- For instance, in June 2018, the National Museum of Antiquities in the Netherlands unveiled the head of Julius Caesar which was reconstructed with 3D reconstruction technology using a 3D scan of a marble portrait in the museum’s collection.
- 3D reconstruction can be helpful in preserving the cultural artifacts, architecture, biofacts or ecofacts, and cultural landscapes by capturing its shape and appearance. For instance, in May 2019 a research team discovered 99-million-year-old millipede discovered in Burmese amber and the description of an entirely new suborder was possible due to the 3D reconstruction of the fossil.
Key Market Trends
3D Reconstruction Software Segment is Expected to Gain Largest Share
- 3D reconstruction and 3D rendering technology help in visualizing 3D models representing neuron morphology for fluorescent confocal images that helps in providing provide accurate and complete characterizations. With this technology reconstruction of a single neuron with sub-micron resolution or large neuron system with a feature size of millimeters.
- For instance, Philips with its XperCT a 3D reconstruction software CT-like imaging to interventional systems that allows the user to access soft tissue, bone structure, stent deployment, and tumor feeders. It also helps in avoiding structures during procedures.
- 3D reconstruction has been instrumental in determining the diagnosis for some diseases whose roots go deep upto tissue level. For instance, in July 2018, a case study conducted by the Department of Thoracic Surgery, the First Hospital of Jilin University, Changchun found out that the application of 3D reconstruction in oesophageal cancer was safe and effective.
- Increased investment in research and development by the companies is projected to open up a potential opportunity for the 3D reconstruction market.
North America is Expected to Hold the Largest Share
- US media and entertainment industry is among the largest in the world at USD 735 billion it represents one-third of the global M&E industry. For instance, in May 2019, anthropologist Dr. Niobe Thompson a documentary filmmaker used 3D reconstruction to capture the earliest member of the horse family for his documentary titled Equus: Story of the Horse.
- The rising trend in the region to restore the historical sites, governments including various educational institutions and private organizations are taking part in such restoration initiatives. Initiatives like these are expected to boost the 3D reconstruction market in the region for the forecast period.
- The increasing crimes in the region are also one of the factors that could help boost the usage of the 3D reconstruction as it could help the agencies in solving the cases by allowing them to create a 3D reconstruction of the crime scene.
The competitive rivalry in the 3D reconstruction market is quite high owing to the presence of some key players like Philips, Realsense (Intel), Pix4D and many more. However, the market remains fragmented. The ability of these firms to constantly bring out innovations in this field has allowed them to gain a competitive advantage over their competitors.
- April 2019 – Researchers from the University of Denver used drones for capturing high-resolution images to create a 3D reconstruction of a World War II-era Japanese internment camp in southern Colorado.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Adoption of 3D Technology in Maintenance
4.3.2 Technological Advancements in the Fields of Cameras
4.4 Market Restraints
4.4.1 Lack of Skilled Professional
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 TECHNOLOGY SNAPSHOT
5.1 Active Method of Reconstruction
5.2 Passive Method of Reconstruction
6 MARKET SEGMENTATION
6.1 By Type of Construction
6.2 By End-user Industry
6.2.1 Media and Entertainment
6.2.2 Aerospace and Defense
6.2.5 Other End-user Industry
6.3.1 North America
6.3.4 Latin America
6.3.5 Middle East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Pix4D S.A.
7.1.2 Photometrix Ltd.
7.1.3 Koninklijke Philips N.V.
7.1.4 Agisoft LLC
7.1.5 PhotoModeler Technologies
7.1.6 Intel Corporation
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/iutuja
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets